UN Unilever NV

U N I L E V E R AT B A R C L AY S B O S TO N A L A NJ O P E ,P R E S I D E N TB E A U T Y&P E R S O N A LC A R E R I C H A R DW I L L I A M S ,H E A DO FI R

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Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially are: Unilever's global brands not meeting consumer preferences; Unilever's ability to innovate and remain competitive; Unilever's investment choices in its portfolio management; inability to find sustainable solutions to support long-term growth; customer relationships; the recruitment and retention of talented employees; disruptions in our supply chain; the cost of raw materials and commodities; the production of safe and high quality products; secure and reliable IT infrastructure; successful execution of acquisitions, divestitures and business transformation projects; economic and political risks and natural disasters; the effect of climate change on Unilever's business; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters. These forward-looking statements speak only as of the date of this document. 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The final prospectus will be delivered to the security holders of Unilever N.V.. New NV also expects to issue ordinary shares to security holders of Unilever PLC pursuant to a UK scheme of arrangement (the “Proposed Scheme”) in reliance upon the exemption from the registration requirements of the US Securities Act provided by section 3(a)(10) for which it will not file a registration statement. Unilever PLC intends to send or otherwise disseminate a scheme circular and other relevant documents relating to the Proposed Scheme and Simplification to security holders of Unilever PLC. The release, publication or distribution of this document in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this document is released, published or distributed should inform themselves about and observe such restrictions. SHAREHOLDERS AND SECURITY HOLDERS OF UNILEVER N.V. 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Shareholders and security holders will be able to obtain free copies of the prospectus, as well as other filings containing information about New NV, Unilever PLC and Unilever N.V., without charge, at the SEC’s website at http://www.sec.gov. Shareholders will also be able to obtain these documents, without charge, from Unilever’s website at http://www.unilever.com. This document does not constitute an offer or a solicitation in any jurisdiction in which such offer or solicitation is unlawful. An offer will not be made in, nor will deposits be accepted in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction. However, if an offer is made, New NV may, in its sole discretion, take such action as it may deem necessary to extend an offer in any such jurisdiction. This document does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase. It is not an advertisement and not a prospectus for the purposes of Directive 2003/71/EC, as amended. Any purchase of securities of NV should only be made on the basis of information that will be contained in the prospectus to be issued in due course in connection with the proposed admission of NV’s ordinary shares to (i) listing and trading on Euronext in Amsterdam (ii) the Official List of the United Kingdom Listing Authority and (iii) trading on the Main Market of the London Stock Exchange (the "EU Prospectus"), and to be approved by the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) and passported to the United Kingdom, and any supplement or amendment thereto. The EU Prospectus will contain detailed information about Unilever and its management, as well as financial statements and other financial data. The EU Prospectus, when published, will be available at http://www.unilever.com at no cost. 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On track for our 2020 plan • 3 Divisions: HC and BPC headquartered in UK, F&R integrated in Netherlands • On track for 20% Underlying Operating Margin by 2020 Net debt / EBITDA raised and expected to stay at 2x • Simpler capital structure • Acquired the NV preference shares • Simplification of our Legal structure by year end Increased leverage & returns •Completed 2017 SBB & over half of 2018 SBB to return spreads proceeds Faster portfolio evolution • Accelerated M&A – 24 acquisitions since January 2015 • Completed the disposal of spreads Accelerated margin progression • Savings programmes ZBB and 5S – on track for €6 billion by 2019 Simpler, faster organisation • Country Category Business Teams fully in place

Simplification at a glance From a dual-headed legal structure: 55% Unilever PLC Incorporated in the UK 45% market cap Equalisation agreements cap To a single parent structure: Percentages of the group’s combined ordinary share capital, calculated by reference to the total number of issued ordinary shares of NV and PLC (excluding treasury shares) as at 31.12.17 New Unilever NV Incorporated in the Netherlands - simpler structure - improved corporate governance Listed in LondonListed in Amsterdam Listed in New York Share price & dividends in GBPShare price & dividends in EuroShare price & dividends in USD Unilever NV Incorporated in the Netherlands market

Strategic rationale • Simpler • Greater flexibility for strategic portfolio change • Improved corporate governance • One global pool of liquidity

Timeline Engagement with shareholders, index oviders, proxy agencies on proposal Voting open Early Sept 18 – Documentation sent to shareholders at least 6 weeks before EGMs 25/26 Oct 18 – NV and PLC shareholder meetings and votes Around end Q4 18 – Anticipated implementation 15 March 18 announcement of proposal pr

ALAN JOPE P R E S I D E N T B E A U T Y&P E R S O N A LC A R E

UNILEVER BEAUTY AND PERSONAL CARE €21bn business; an increasing part of Unilever 2017 FY Financials based on avg. 2017 FX rates Beauty & Personal Care Turnover (€bn) 21 2008ExistingAcquisitions 2017 Brands 11 7 3 Beauty & Personal Care as % of group sales 38% 20082017 28%

MAJOR PLAYERS IN THE MARKET Unilever, strong global player in Beauty and Personal Care 2017 FY Euromonitor L'OréalP&GUnileverColgate-PalmoliveEstee LauderCotyJohnson & JohnsonBeiersdorfShiseido 9.7% 7.9% 7.8% 3.6% 3.4% 3.3% 2.8% 2.6% 2.2%

UNILEVER BEAUTY AND PERSONAL CARE Strong portfolio with leading categories Local leading positions Global leading positions HAIR SKIN CLEANSING DEO SKIN CARE ORAL CARE

UNILEVER BEAUTY AND PERSONAL CARE Well positioned global brands and attractive footprint Attractive Footprint: 64% Emerging Markets Leading Global Brands

ACCELERATED PORTFOLIO TRANSFORMATION 13 companies acquired since 2015 July YTD 2018 +10% LFL growth JULY YTD 2018 Acquisitions LFL Growth 2015 2016 2017 2018

TUNITI - - - ----UMQ.ww l:ll.",l ] I '• R , 1'. , A 1, f w. f J;l CHANNEL FRAGMENTATION CONNECTIVITY AND NEW MODEL OF MARKETING

“Beauty that cares…” OUR GROWTH STRATEGY

s T GY STRATEGIC CHOICES More from the Core Future Fit Portfolio High Growth Spaces Core Benefits Market Development Product Superiority New Business Models New & Acquired Brands Nascent Markets ECom Prestige H&B NEW MODEL OF MARKETING Purpose and Sustainability Prec is i on Marketing New Communication Model FUEL FOR GROWTH (NRM, ZBB, 55) '! 'f. ::: t: to. p::QSOf.AL C APF r.l.-.'uf/"'4 " U..ufu,.w ! l ,., u 1 y

GY G 0 Market Development Core Product Superiori ty Benef i ts FUEL FOR GROWTH (NRM, ZBB, 551 - - - ----UMQ.ww >I ><!'• I w. f J;l More from the Core

MORE FROM THE CORE Our core brands and businesses remain our top strategic priority Market Development Superior Products Core Benefits

T 0 G Future Fit Portfolio New Business Models New & Acquired Brands FUEL FOR GROWTH (NRM, ZBB, 55) 'f. ,:: U e.r [_< [_ ;,l_, ) I A r, f .., , "-" ¥ r. .l.u-'f"/'4"

FUTURE FIT PORTFOLIO Launched 7 new brands in the last 18 months Hjab fresh

FUTURE FIT PORTFOLIO Continue strengthening our naturals portfolio with acquisitions

H GY High Growth Spaces Markets FUEL FOR GROWTH (NRM, ZBB, 551 - - - ----UMQ.ww l.' 1 ' • • k' . :. ' ); f w. f J;l PrestigeE ComNascent H&B

HIGH GROWTH SPACES Prestige business now €5OOm turnover July YTD 2018 +10% LFL growth JULY YTD 2018 Prestige Business Unit LFL Growth

HIGH GROWTH SPACES eCommerce growth well ahead of the market H1 2018 +65% growth H1 2018 E-Commerce Revenue Growth

HIGH GROWTH SPACES Significant growth opportunities in nascent markets H1 2018 +15% growth

T STRATEGIC CHOICES NEW MODEL OF MARKETING New Communication Mode l Prec is i on Mark et ing '! U..ufu,.w t:! l /l, y ;QS()f'..A ,-.AkF u 1 'f., :: r.l.-.'uf/"'4 " Purpose and Susta inability

NEW MODEL OF MARKETING Building brands with purpose

NEW MODEL OF MARKETING Building relationship through content

NEW MODEL OF MARKETING Data drives insight – insight drives precision – precision drives value

OUR GROWTH STRATEGY FUEL FOR GROWTH (NRM, ZBB, 5S)

SUCCESSFUL MARGIN EXPANSION Led by GM% improvement and efficiencies with increased media spend 21.8% 21.1% 20.0% 201620172018 (H1)

IN SUMMARY Driving growth in Beauty and Personal Care o More from the Core o Build a Future Fit Portfolio o Selected high growth spaces o Put purpose at the centre of our brands and deliver engaging content with precision

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